After tomato and cumin seeds, turmeric prices soar on delayed sowing

Usually, turmeric is grown over 290,000-330,000 hectares of land

After cumin seeds (jeera), tomatoes, and pulses, it is now the turn of turmeric to ride the inflation wave, with prices jumping nearly 42 per cent in less than a month due to delayed sowing in key regions, deficient stocks with traders, and talk of some shift in acreage attributable to low returns in the past few seasons.

Some traders said there is some holding also happening of the pipeline stocks as realisations have improved after many years. On June 20, spot turmeric prices were roughly Rs 8,100 per quintal, which jumped to nearly Rs 11,500 per quintal (as on